What does a funding specialist do?
A Funding Specialist is in charge of facilitating the funding procedures of a company. They mainly function by identifying the funding needs of projects and programs, conducting extensive research and analyses, and developing plans and strategies to secure funding, all while adhering to the company's policies and regulations. Moreover, aside from planning, a funding specialist is also responsible for liaising with internal and external parties, establishing budget guidelines, preparing and processing documents, and resolving issues promptly and efficiently should any arise.
Funding specialist responsibilities
Here are examples of responsibilities from real funding specialist resumes:
- Manage a variety of operational tasks for moderately complex securities transactions that require knowledge of vary systems and processes.
- Assist the quantitative analyst in improving the work efficiency by optimizing VBA codes for the fund analysis.
- Work daily with equities, fix income, futures, swaps, options, FX and other derivative instruments.
- Facilitate month-end close processes, invoicing, journal entries and account reconciliations
- Perform extensive market research in Bloomberg terminals and Capital-IQ to analyze companies.
- Prepare PowerPoint presentations and updates of financial spreadsheets for internal and external distribution.
- Compile complex data from each department into presentation using PowerPoint for conference meetings.
- Execute detailed operational procedures, such as management fee calculations and brokerage reconciliations.
- Used Bloomberg terminal to collect information including industry activities and particularly corporate actions.
- Analyze shipping documents, follow up on documentation discrepancies, troubleshoot and communicate effectively to correct any issues.
- Collaborate with various operational units to ensure accurate processing and recording of original and adjust cost basis on securities.
- Operate and troubleshoot complex tactical computer systems and networks, incorporating satellite communications, global position navigation and electronic charting systems.
- Determine program eligibility for Medicaid, food stamp and cash benefits in accordance with current regulations using the computer-based eligibility system.
- Review of HUD and Til sections of loan package to check accuracy and fair disclosure of credits and fees.
- Assist the department in preparing for HUD audits that include gathering documentation to ensure adequate assessment of records and procedures.
Funding specialist skills and personality traits
We calculated that 11% of Funding Specialists are proficient in Data Entry, Excellent Organizational, and ACH. They’re also known for soft skills such as Organizational skills, Communication skills, and Math skills.
We break down the percentage of Funding Specialists that have these skills listed on their resume here:
- Data Entry, 11%
Completed data entry and filing of confidential records and documents according to customary standards.
- Excellent Organizational, 9%
Exhibited excellent organizational, interpersonal, and customer relation skills.
- ACH, 7%
Performed research of all bad debt accounts, outstanding checks, statements, bank information and all wire transfers including ACH.
- Quality Customer Service, 6%
Traveled to different in house Mutual Fund Company's to assist in customer calls as well as quality customer service trading.
- Escrow, 5%
Confirm updated escrow information, and final disbursements to creditors.
- Loan Packages, 4%
Review mailed and electronic auto loan packages from dealership finance department associate for applicants approval for vehicle financing.
"data entry," "excellent organizational," and "ach" are among the most common skills that funding specialists use at work. You can find even more funding specialist responsibilities below, including:
Organizational skills. To carry out their duties, the most important skill for a funding specialist to have is organizational skills. Their role and responsibilities require that "financial clerks must be able to arrange files so they can find them quickly and efficiently." Funding specialists often use organizational skills in their day-to-day job, as shown by this real resume: "saved over $3,000 monthly on dealer contracts through superior organizational and data entry skills. "
Communication skills. Many funding specialist duties rely on communication skills. "financial clerks should be able to explain policies and procedures to colleagues and customers.," so a funding specialist will need this skill often in their role. This resume example is just one of many ways funding specialist responsibilities rely on communication skills: "work with dealers to complete loan packages by the use of verbal and written communication. "
Math skills. funding specialists are also known for math skills, which are critical to their duties. You can see how this skill relates to funding specialist responsibilities, because "the job duties of financial clerks includes calculating charges and updating financial records." A funding specialist resume example shows how math skills is used in the workplace: "assisted in the reconciliation to the general ledger by providing statistics and backup. "
The three companies that hire the most funding specialists are:
- BNY Mellon13 funding specialists jobs
- U.S. Bank13 funding specialists jobs
- UnityPoint Health6 funding specialists jobs
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Compare different funding specialists
Funding specialist vs. Operations coordinator
An operations coordinator's role is to oversee the progress of various departments in a company or organization, ensuring that all operations meet the set goals and adhere to the company's policies and regulations. An operations coordinator may also be responsible for supervising the procurement of supplies, contract negotiations, sales monitoring, and even maintenance operations within the company. Furthermore, they can also perform administrative duties such as communicating with clients through telephone and email, arranging schedules and appointments, producing reports and evaluations, training new employees, and serving as the bridge of information between different departments.
There are some key differences in the responsibilities of each position. For example, funding specialist responsibilities require skills like "ach," "quality customer service," "escrow," and "loan packages." Meanwhile a typical operations coordinator has skills in areas such as "customer service," "logistics," "powerpoint," and "patients." This difference in skills reveals the differences in what each career does.
Operations coordinators really shine in the government industry with an average salary of $43,723. Comparatively, funding specialists tend to make the most money in the finance industry with an average salary of $45,803.On average, operations coordinators reach similar levels of education than funding specialists. Operations coordinators are 1.2% more likely to earn a Master's Degree and 0.2% less likely to graduate with a Doctoral Degree.Funding specialist vs. Business developer
A business developer specializes in conducting in-depth business analysis and crafting various strategies that would not just help a business grow, but also strengthen client base and brand awareness. One of their primary responsibilities revolves around identifying areas in need of improvement. They come up with new services that will boost customer satisfaction, examining the potential for revenue and figuring out new opportunities from trends or other pre-existing programs within the company. All of this is conducted according to the vision, mission, and policies of the organization.
Each career also uses different skills, according to real funding specialist resumes. While funding specialist responsibilities can utilize skills like "data entry," "excellent organizational," "ach," and "quality customer service," business developers use skills like "healthcare," "crm," "customer service," and "work ethic."
Business developers may earn a higher salary than funding specialists, but business developers earn the most pay in the manufacturing industry with an average salary of $118,082. On the other hand, funding specialists receive higher pay in the finance industry, where they earn an average salary of $45,803.In general, business developers achieve higher levels of education than funding specialists. They're 6.1% more likely to obtain a Master's Degree while being 0.2% more likely to earn a Doctoral Degree.Funding specialist vs. Specialist-small business
A small business specialist develops new business programs to meet changing customer demands. They are responsible for ensuring integrity and consistency in the domain of business. They analyze causes of a business issue, obtain business data, and make enquiries. They are responsible for making purchase agreements, confidentiality arrangements, and joint venture arrangement.
The required skills of the two careers differ considerably. For example, funding specialists are more likely to have skills like "data entry," "excellent organizational," "ach," and "quality customer service." But a specialist-small business is more likely to have skills like "customer service," "customer relationships," "business development," and "business portfolio."
Most specialist-small businesses achieve a similar degree level compared to funding specialists. For example, they're 1.4% more likely to graduate with a Master's Degree, and 0.1% more likely to earn a Doctoral Degree.Funding specialist vs. Operations, senior specialist
A senior operations specialist is responsible for monitoring the company's operational processes and procedures and ensuring that the staff meets productivity goals according to business requirements and specifications. Senior operations specialists perform quality assessments to the methodologies, modify business plans as needed, and identify opportunities to increase efficiency. They also maintain the timely delivery of outputs and services to the clients and build the highest customer satisfaction. A senior operations specialist must have excellent communication and critical-thinking skills, especially in resolving process gaps and implementing quality standards.
Even though a few skill sets overlap between funding specialists and operationss, senior specialist, there are some differences that are important to note. For one, a funding specialist might have more use for skills like "quality customer service," "escrow," "loan packages," and "loan applications." Meanwhile, some responsibilities of operationss, senior specialist require skills like "customer service," "powerpoint," "project management," and "data analysis. "
The technology industry tends to pay the highest salaries for operationss, senior specialist, with average annual pay of $88,210. Comparatively, the highest funding specialist annual salary comes from the finance industry.The average resume of operationss, senior specialist showed that they earn similar levels of education compared to funding specialists. So much so that theyacirc;euro;trade;re 0.9% more likely to earn a Master's Degree and less likely to earn a Doctoral Degree by 0.1%.Types of funding specialist
Updated January 8, 2025
